Builder & maker on da blocks n' chains @AlchemyPlatform โšก

San Francisco, USA
Joined June 2018
The crypto revolution has begun...
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Isaac Lau (๐Ÿฆ›, ๐Ÿš€) retweeted
Thrilled to share that a generous donation enabled us to purchase 3,000 bulletproof vests for IDF soldiers, with the help of the Czech govt and in coordination with the IDF ๐Ÿ‡จ๐Ÿ‡ฟ๐Ÿ‡ฎ๐Ÿ‡ฑ Shoutout to the 669 Search and Rescue Unit Alumni Network for helping make it happen๐Ÿ™ Am Yisrael thanks you! ๐Ÿ‡ฎ๐Ÿ‡ฑ๐Ÿ™Œ #StandwithIsrael #SupportIDF
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๐Ÿง ๐Ÿ’ญ Alpha Homora <> Iron Bank: A Story of Bad Debt Allocation TLDR: Alpha Homora's massive ETH debt to Iron Bank means users can't withdraw ETH and protocol incentives are out of alignment
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But since AH gets the ETH at 0%, the lending yield is at ~1%. To mitigate this problem and allow users to withdraw funds, AH is diluting its ETH debt liability with its USDT pool. Long term, this is great for ETH holders.
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USDT holders, on the other hand, are absorbing the debt... LEARNINGS: Single-side interest products are often less single-sided than you think.
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Smooth ๐Ÿง ๐Ÿ’ญ re: Bancor 100% Impermanent Loss Protection (ILP)
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1. BNT holders take a hit from inflationary spending measures 2. IL payouts of BNT means that BNT is less valuable on other pairings purely by inflationary measures 3. BNT payouts are dumped in exchange for other tokens
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If you rinse and repeat some combination of these 3 outcomes and mix in a bear market, you have a serious issue on your hands..... and thats what we're seeing today with Bancor pausing their ILP program.
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๐ŸงตHow I earned $1500 in a bear market by hunting the hunters Shoutout to @HopProtocol for engaging devs and migrating Sybil attacks.
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Step 1: Track on-chain transfers across all EVM chains for all eligible airdrop addresses Step 2: Filter out connected graphs with low nodes Step 3: Query Hop subgraphs to confirm Sybil behavior Step 4: Profit! ๐Ÿค‘๐Ÿค‘
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๐Ÿ‘€ Spotted tech power couple in the wild at the @AlchemyPlatform kitchen. ๐Ÿ’ช @thatguyintech @unhappiimochii
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Isaac Lau (๐Ÿฆ›, ๐Ÿš€) retweeted
Gotten so many texts today from devs stressing about infrastructure ๐Ÿ˜… 1. You can probably run your company for free on @AlchemyPlatform 2. Weโ€™ll give 3 months free for anyone switching to a paid plan ๐Ÿ‘‡ โš’๏ธ Engineers on call 24/7 to help
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Just a quick FYI. github.com/ethereum/pm/issueโ€ฆ If this proposal takes place: โŒ Ropsten deprecated โŒ Rinkeby deprecated โœ… Sepolia as new testnet โœ… Goerli maintained as legacy testnet Get building for the future with some Goerli ETH!
๐Ÿ› ๏ธ Building an ETH DApp? Want to test it? ๐Ÿšฐย Goerli Faucet is now live! ๐Ÿšฐ ๐Ÿš€ Alchemy's newest way for devs to build. Easy and fast. goerlifaucet.com/
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Want to become a web3 developer? 2022 Web3 stack and how to get started. Here's everything you need to know ๐Ÿ‘‡
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Third Layer = Presentation Layer Leverage decentralized storage ๐Ÿ’พ and remote procedure calls (RPC) access blockchain data. Take your pick of software libraries and dev environments!
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Fourth Layer = dApps Build on top of= DeFi, NFTs, Identity & Authentication, and Data & Analytics Use higher-level abstractions to change the ๐ŸŒŽ and build on blockchain for billions
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